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. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of the american action reform joins me now. so, windows narrowing, what can we expect from here? >> if we literally go on autopilot and they fail to change course, i am worried about the economy. some sharp equity market attractions, consumer confidence has already begun, lots and lots of notices sent out, layoffs scaring people to death. this is not a good news story for anybody looking for a job. gerri: the clock keeps on taking. the cover of "the new york post," pretty amusing. off the fiscal cliff, this is really going to hurt. i think everybody can relate to that one. for taxpayers, $500 billion increase in taxes. how will that hit people, how meaningful is it going to be, will they see the results in their first paychecks? >> for sure the hig
obama will be deadlock. but i it's something he said to john boehner leaving any room for compromise? if politicians don't take us over the cliff, will the unions? what the they're planning this k in from boston to houston threatening to strike you in the wallet. eric: read the headlines and they say that president is giving up his vacation takes toe a fiscal cliff deal, but is there any room for negotiation? let's talk about it a little bit. >> the president is heading back to washington to attempt a last-ditch effort with speaker boehner to forge some compromise to avert a fiscal cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax revenue on the t
. this stock market since president obama and john boehner announced they did have a deal last thursday night, the stock market has been down, down, down. >> it's following every twist and turn in the story. you've got to figure that professional investors are watching and they know it means they're going to have a good quarter, bad quarter, good year or bad and it will impact consumer quarter. it's about the economy and how much money consumers there have. consumer sentiment is down. you found in the street that some people were saying i don't know how much money i'll be out-of-pocket. when they see this and they'll see it in the first paycheck, you'll see less money. i think there will be wall of shame. there's going to be big complaints. >> my gut feeling is nothing would be better than going over the fiscal cliff. it will hurt but five, ten years down the nothing, we'll be better and healthier. we just got news that president obama was going to meet or a phone call meet with some business leaders. >> right. the white house calling c.e.o.s, a regularly scheduled meeting. presumably it's a
, they are out wherever they are around the country and we are here trying to get something done. john boehner seems to care more about keeping his speaker ship on keeping the nation on firm financial footing. it's obvious, mr. president, what is going on around here. he's waiting until january 3rd to get re-elected as speaker before he gets serious with negotiations because he has so many people over there that won't follow what he wants. >> senator reed went on to refer to speaker boehner as a, quote, dictator. watch this. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's been operated with a dictatorship of the speaker. >> now this entire fiasco could have easily been avoided if senate democrats would have passed an extension of the bush tax cuts. the house sent them that bill months ago. they have been in control of the senate for years so why haven't they passed a judgment? they aren't serious about our nation's debts and deficits. we are $16 trillion in debt, we are running out of money yet again, trillion
to this point? taking you back to last week, you remember john boehner tried to get that alternative bill through the house. his own bill. he didn't have the support to do it. it fell apart. now things are in the senate and it will be up to harry reid and mitch connell and the president to try to come to a compromise to avoid the tax hikes and spending cuts that go into effect on the first of the year. president obama had been working with house speaker john boehner and trying to get a big deal that dealt with tax reform and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president
, john boehner. let's figure out this guy. what is his story? he's the leader of the party that doesn't want to be led by him or anybody. they don't even -- well, it's not even actually a political party. it's a faction of tea party people telling the most republicans that they're not playing ball with them. >>> also tonight, hating hillary. that was the intriguing idea behind a politico story. when will the right learn to rekindle its hatred for hillary. everybody played the hillary card lately saying how great she was on the right so they could make obama look bad. at some point they will have to confront hillary clinton herself as the chief democrat in the country. when will they pivot? >>> if you're worried we'll soon be governed by sharia law, have no fear. republicans are keeping us safe from something that was never going to happen anyway. that and other low lights there 2012 in the "sideshow." >>> and finally my hopes for the upcoming year, especially from the president. this is "hardball," the place for politics. >>> massachusetts congressman ed markey announced today his can
by john boehner, which ultimately the republicans weren't going to go along with. but he said he would increase rates. he went to $1 million. >> yeah. >> the president mocks him publicly and said, oh, i won, and he said, oh, he wants to give tax cuts to those that make $900,000 a year. does that sound productive to you, juan or does that sound like he was rubbing it right in his face? >> you can't blame president obama and the democrats for the fact that republicans, his own republicans, abandoned john boehner, took away his power to negotiate with president obama and pretty much went home and they are still at home. it's unbelievable. three quarters of the american people think compromise. and compromise includes spending cuts and tax hikes. >> can i get a word in, guys? >> brent, the republicans passed a bill. the republicans pass it had. senate democrats haven't passed a bill in 1300 days. you have to be kidding me. >> it's much easier for the democrats to sit and file their nails and say those awful republicans. look at those awful republicans go. the democrats haven't done anythin
. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very instructive as to what we are able to accomplish. >> if it doesn't work president obama wants lawmakers to vote on what would essentially be plan c. here is what it would include. focusing on three key area. keeping tax cuts for those making $250,000 a year or less. extending unemployment benefits and it would delay dramatic spending cuts until later next year. the top senate republican recognizes this is a critical time. >> we are engaged in discussions the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the maj
-cabrera in for larry kudlow. this is "the kudlow report." speaker john boehner calls the house back into session for sunday night. that stokes investor hopes for a fiscal cliff deal and this coming just a few hours after harry reid's comments sent the dow into a tailspin. we have complete coverage in this developing story which is happening tonight as we speak. also, as supplies from the obama team, ep achieve lisa jackson stepping down. can the coal companies finally breathe a sigh of relief? guess what happened in britain when the uk banned handguns. the surprising result that could change the gun control debate. "the kudlow report" start ises right now. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of
a deal? honestly, no one knows. but one thing is certain. house speaker john boehner and his fellow republicans could no longer weather the incredibly bad optics of sitting at home while the president of the united states and the senate were in washington. president obama arrived back at the white house this morning. the president will host a meeting tomorrow afternoon with senate majority leader reid, senate minority leader mcconnell, speaker boehner, and leader pelosi at the white house. senate majority leader harry reid took to the senate floor this morning to, shall we say, let boehner have it. >> if we go over the cliff, and it looks like that's where we're headed, mr. president, the house of representatives as we speak, with four days left after today before the first of the year aren't here with the speaker having told them they'll have -- they'll give them 48 hours' notice. the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast m
have taken the heat, and john boehner's plan b, a disastrous piece of publicity, got that. do you think that the tide is turning at all and that the jonbenet has been gettinof and . >> and not seeing any leadership for the president and not seeing any for the senate and not seen the budget. i think that the frustration is across th board and it should be felt by all. >> okay, you're sitting there in washington and you tell me now, do you think we get a deal on new year's eve? >> gosh, i certainly hope so. >> do you think we will? >> do you think we will? >> i don't think that this washington, anyone in washington is reckless enough for the country off the cliff. they recognize it's dangerous. stuart: i've got to read between the lines here. you're saying that there will be some kind of last minute stop-gap deal, yes? >> i certainly hope so. stuart: and what would be the form of that deal? what would be in it just a broad outline? go. >> well, we can't see taxes go up on anybody across the board and we have to see the tax rates extended for everyone and-- >> that's not going to happen. >
to see how the meeting shapes up next hour and so are we. neil: john boehner can deliver his caucus without spending cuts and democrats can't come to the table must -- my hand a doing this, republicans agreed to tax increases. we are going over the cliff and that might be what both sides want. >> the possible scenario where if the market reacts negatively lawmakers would feel the rush to pass something else. it became clear after john boehner put on the table keeping tax rates and taxes where they are for income amount of less than $1 million, not enough in cuts, you have to get democrats and republicans to bring this over the line in the house much like you have to do in the senate which is why this has to be worked out with a democrat and republican leaders in the white house later today in a last-ditch effort to get something done before new year's. adam: rich edson on his way to the white house. for more on the last-ditch talks to avoid the fiscal clip i am joined by heritage foundation budget expert and data analyst director bill beach. , the conspiracy theory, in actuality bot
position and the caucus walked away from john boehner and they're not in a position to say i want a, b and c. >> so the senate comes up with something. can it pass the house? >> i think i'm more in agreement with you than robert is in the sense that i'm not particularly bullish about the possibility of this deal because let's just look at the logistics of how congress works. the first step in this new process that the president just outlined is that he wants harry reid and mitch mcconnell to get together on the plan. you need a plan that will satisfy harry reid and his democratic caulk us and mitch mcconnell who is featuring a tea party potentially in 2014 and that's a wide with swath of people and i would be quite surprised if we had a whole bunch of republicans in the house and senate who were willing to go along sort of giving up the store from their point of view which would be raising revenues through taxes and not getting the spending cuts that they like. >> that's a fair point. i think a the lot of republicans, you're right, for that reason. any kind of tax increase, some republ
war in a weekend. >> dave: he can get it done but there is still john boehner and the house republicans. i'm not modestly optimistic. anything through the house at this point. >> juliet: like lindsey gram said two days ago when you call a meeting publicly in washington it usually turns out to be the dog and pony show or theater basically. honestly calling at this late hour. they met for an hour. what could really go down in that type of meeting? things can go down but really, it's just at the edge. they waited so long. they all went on their vacations. >> clayton: here are some things on the table to answer those questions perhaps. generalities. we don't know what's been tabled. democrats still strong about this. they say they were, yeah, here is -- take a look at this. keeping tax cuts for those making $250,000 a year or less. we know that's there. that may shift because we are hearing from republicans they may be willing to go as high as $500,000 a year. of the extended. >> dave: that's my guess. >> extending unemployment tax benefits for 2 million folks still unemployed.
of the plan. they have 2.6 trillion in tax increases. president obama's latest offer to john boehner has 1.2 trillion in taxes. that is half as much, less than half than simpson bowles, and less than a quarter of what is in -- simply going over the fiscal cliff. i think the tax increases are too little. they are what they are. and it's something to remember as we reach the edge and you hear a lot of complaints about the tax side of obama's offer. what he's asking for in terms of tax increases is not that radical, it's way less than if we don't reach a deal. contrary to what you may have heard, republicans want to raise taxes too. shocker, right? >> the superficial take on this, the argument between democrats and republicans is between democrats who love taxes, just want to tax everything. and republicans who totally grover norquist taxes, they hate them, that is not true. to a degree that kind of disturbs me, actually, the two parties mostly agree on keeping the bush tax cuts. up to $250,000 in income, which is a lot of income. republicans and democrats want to keep all the bush tax cuts.
pass. >> so harry reid there calling house speaker john boehner a dictator for not bringing a bill to the floor that would extend the bush tax cuts for all those who make less than $250,000 a year. now that bill if it was brought to the house floor would have to pass with democratic votes. speaker boehner has said that he wants to pass something ultimately that can be con by t done by the majority of the majority. >> i don't understand how you can call him a dictator when he can't get his own bill passed. that doesn't make any sense to me. if he was a dictator, he could have done it. >> what we're watching here is a lot of finger pointing. the house side wants the senate to do something. the folks on the senate side said, wait a second, john boehner is who to blame. at the white house, they're pointing their finger at capitol hill. there's a lot of finger pointing but not a whole lot of action. >> all right, eamon. thanks so much. >> you bet. >>> as negotiations continue on washington, that is a bit of an overstatement, check wall street, the fear index is spiking as the markets dr
probably for anything to get through the house and senate. tracy: just to be cleared john boehner said he would give him 48 hours notice will for they had to come back. if he calls them today they don't have to be back for 48 hours. >> right. they have a conference call, republican conference in 30 minutes to discuss their next move. they announced they are coming back, the earliest they would be back in session would be saturday but even if lawmakers are you there is no deal yet, the upper echelons of congressional leadership that would have them vote on anything so we are waiting for congressional leaders to work something out and we are not at the phase where rank-and-file lawmakers and senators would vote. tracy: so much for a slow news week. why come back? no reason to come back. the clock ticking down what are the chances for the fiscal cliff deal? let's look on the bright side here. washington bureau chief, i am being facetious when i say my new year's resolution is to say fiscal quote never again, but we could get a quick fix and potentially not have to see these two word again? >
met with harry reid at the white house and spoke with house speaker john boehner. mr. obama said lawmakers need a break from fiscal cliff frustration-- much of it self- induced. >> we move forward together or we don't move forward at all so as we leave town for a few days to be with our families for the holidays, i hope it gives everybody some perspective. >> reporter: the president will follow his own advice. lawmakers and return to washington if there is a deal. >> pelley: major, thank you. as you know, this debate is all about bringing the federal budget under control. if the white house and congress can't figure it out, big across- the-board budget cuts and those tax increases we mentioned kick in automatically january 1. the so-called fiscal cliff. the republican speaker of the house tried to force through his solution last night but he couldn't keep his own party in line. nancy cordes is at the capitol. nancy? >> reporter: scott, this was an unforced error. speaker boehner did not have to bring this plan "b" bill up but he was simply trying to get more leverage in negotiati
are watching john boehner, playing out on a national stage a game i am not sure the national media quite gets ors perhaps even they as astute asst they are, the game of politics they quite get.g this is everything for a lot of people, what do you make of it>i in their attitudes, their demeanor, their personality? >> everybody is trying to beth right, it needs to happen for what is best for our country anm in this country. >> is almost a testosterone contest. it is not about winning for the american people is about winning for the party, i can do it better than you, it has to be who wins, w who loses? >> psychologically it is unsettling because it interferes with their comfort level in terms of spending and feelingf comfortable.th >> i don't think about it, they noticed a game of chicken when it comes to this fiscal cliff. lou: etc. look a except when wet projections. talking about another recession.
with no agreement to avert the fiscal cliff. house speaker john boehner is home in ohio tonight. but he left a video behind. >> washington has a serious spending problem. >> reporter: which played in the capitol tonight would echo through the empty halls. >> the president's solution of raising taxes -- >> reporter: the republican leader of the senate took a holiday swipe at democrats. >> i'm stuck here at washington. trying to prevent my fellow kentuckyians from shelling out more money to uncle sam next year. >> reporter: we're learning more tonight about how the negotiations fell apart. the wall street journal quoting unnamed sources said that when the speaker offered $800 billion in revenue by limiting deductions the speaker asked, what do i get? the president reportedly responded, you get nothing, i get that for free. unable to agree on a big deal, on taxes and entitlements, the president is now hoping to get a small deal, extend middle-class tax rates and agree to a framework for a big deal. >> that's an achievable goal, that can get done in ten days. >> reporter: can it? consider the speaker's
? is it john boehner? was it mitt romney? don't bet on it. the real boss is a man other woman in the back row of a tea party meeting. the angry one who stands up and scalds him. it's that angry voice rising up from the back of the room that haunts the tea party-backed republican. do they want to be the person who voted with the party leadership? or, worse yet, the democratic president? or do they want to vote against all of that? no taxes? no deals, no compromises. no nothing. period. this is the wall that those of the tea party have raised up. they can't vote for what they campaigned against, spending money on government. and that's "hardball" for now. thanks for being with us. "politics nation" with al sharpton starts right now. >> tonight, in new york city, welcome to "politics nation" second annual revvie awards. it's the best and the worst in politics, 2012. look, all the big stars are on the red carpet. donald trump is in the unreality show category. paul ryan's pumped and ready to go. what's with the hat there? >> and what's an awards show without this guy. he survived a really rough y
. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs to happen now is for a sense of desperation among lawmakers to kick in and realize that if we go past january 1st with no deal, the markets are likely to decline in a significant way and alarm most americans. they don't want to have themselves blamed for that. >> reporter: meanwhile, public pressure is mounting. countdown clocks are springing up, and today starbucks asked employees to begin writing "come together" on coffee cups. now, speaker boehner has not yet called the house back into session. meanwhile, treasury secretary tim geithner told congressional leaders today that the nation has almost reached its borrowing limit. the debate over whether to increase that limit
sign that legislation into law. >> reporter: house speaker john boehner also headed home after a bruising week. his own conference refused to back his proposal, which would have allowed taxes to go up on the wealthy, delivering a stinging blow to his leadership. today he faulted the president and congressional democrats for the impasse. >> unfortunately, the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. >> reporter: the prospects for a deal remain grim. on friday senate republican leader mitch mcconnell said his strategy forward is unclear, but stressed time is running out. >> the u.s. economy is at stake here. millions upon millions of families are counting on us to do something. >> reporter: while the president expressed measured confidence -- >> call me a hopeless optimist but i actually still think we can get it done. >> reporter: many americans say the uncertainty in washington has cast a cloud over their holiday season. >> i think it's sad because there's no reason that an agree
're going to get something done. we heard from house speaker john boehner earlier today. where is this? clearly it looks like now it's in the senate's hands. >> that's right. it is absolutely in the senate's handings, has been effectively since the house speaker failed to pass his so-called plan b proposal last week. and so what is going on behind the scenes right now, suzanne, is the senate democratic leader is trying to figure out if he can cobable together enough votes, which would mean he would have to have probably significant crossover to get some votes to at least pass the bear bare minimum to ahouseholds with incomes of less than $200,000. >> the speaker has just a few days left to change his mind but i have to be very honest, mr. president. i don't know time-wise how it can happen now. >> so there's a time issue because we're only five days away, but most importantly there's a political and process issue. the political issue we've talkeder this the last few days, suzanne. it's a question of whether or not there's enough lawmakers, willing to take the vote which would effective
and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington is now officially impossible to get a fix in place by december 31st? is it
it to john boehner. he got pretty personal. >> he did. he really laid the blame at boehner's lap. talked about the fact that he was surprised that the house isn't even in session, which is true, but let's get real. the senate came back into session this morning. most importantly, he was very, very pessimistic about getting anything done before we reach that fiscal cliff. listen to what he said. >> the speaker just has a few d days left to change his mind, but i have to be very honest, mr. president. i don't know time wise how it can happen now. >> let me kind of lay out the state of play. i'll try to keep it out as much as possible. this is something everybody is focused on. the ball is in the senate's court right now. so what senator reid, who you saw earlier, and the president, what they are trying to figure out is whether or not they can craft what the president called a scaled-back bill, which is what he campaigned on. raising taxes for everybody making more than $250,000 a year and adding a few other tax-related items in there. maybe spending but it's unclear. the question is whethe
deficit spending, right? >> the truth is they would have been better taking the deal that john boehner negotiated with president obama way back when. they missed the moment. i think the real fear is who pays the price. i think the republicans has a point but will pay the price and the real people that will pay the price are the americans, the middle class. it is crazy to put us through this. >> all of the focus on tax cuts but the revenue from increases the taxes on the wealthy will barely make a dment the deficit to say nothing of the trillions of dollars in debt we are talking about. it is a symbolic fight the president is determined to win off of his re-election. >> it is not symbolic. there will be money raised if the tacks for the top 2% are left to expire. let me bring up a point. no democrat and certainly not this president, has said there should be no spending cuts. on the contrary. this president has put on the table quite an extraordinary amount of spending cuts to the sh grin of many democrats, i might add. are they to the extent the grand bargain was several months ago last
. but the house? a different story. speaker john boehner held a conference call with republican leadership today, and basically decided to do nothing. there are no immediate plans to return to washington. even as that decision is made, how members have 48 hours to get there. house republican leadership released a statement today reading in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate if the senate will not approve and send them to the president to be signed into law in their current form. they must be amended and returned to the house. the house will take this action on whatever the senate can pass, but the senate must first act. the house has passed bills that would never pass the senate. speaker boehner's position is a joke. senate majority leader harry reid responded, house republicans pushed middle class families closer to the blip by wasting an entire week with their incompetent plan b stunt no further legislation can move through the senate until republicans drop their knee jerk obstruction.
republican-controlled institution in the town and john boehner having control of his republican conference and squeezing something through the house of representatives. and so far i don't think there's been any movement there. there's been nothing public that can suggest that boehner can suddenly magically pass something that he and the white house agree on. >> ryan, you're a correspondent for the new yorker and join us often. dana, let me bring you back in and ask you, it seems to me that anything that this congress has gotten done -- and by "this congress" i mean when it's been divided between republicans in the house and democrats in the senate. it has been that both parties, that is, the left of the democratic party and the right of the republican party are kind of left to vote yay or nay by themselves and they form a consensus in the middle. does john boehner need nancy pelosi in order to get anything passed? >> reporter: yes, absolutely. no question about it. that became incredibly obvious when he couldn't even get his own republicans to effectively save them from themselves and at l
. if you vote on the deal that john boehner couldn't get done in his conference thursday, if you vote on that in january, a deficit deal than december. it's actually a tax decrease. i don't think nothing is going to happen in the coming weeks. it is possible we get into the first week of january before something to vote on. congress has gotten used to doing things at the last minute and it's not exactly clear when the last minute is here. >> i've been saying for a while you don't have to deal with 400 or 500 grand, get 250, what the president has wanted all along and get the republicans to not vote for a tax cut for everybody under 250. why hasn't that been the strategy or can you tell me that hasn't been the strategy all along? >> the piece of it i don't fully understand why the speaker decided to do what he did last week, walk away from negotiations. they were getting pretty close between the speaker and president and john boehner came up with plan b and it didn't happen. i'm not quiteshi shirure what t detail was about. while the leaders were negotiating we had a lot of time to tal
to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will take several measures to save that next year to keep the government from reaching the limit for about two months. but geithner warns it is harder to predict how long the delay will last because of all of this ongoing fiscal cliff negotiations making it harder to forecast what revenue and tax spending
. they're not here. john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing it is obvious, mr. president, what is going on around here. he is waiting to january 3rd to get re-elected as speaker before he gets serious with negotiations because he has so many people over there that won't follow what he wants, that's obvious from the debacle that takes place last week and it was a debacle. he made an offer to the president. the president came back, they are just a little bit ap he walked away from that and went to plan b. but -- which all you did is whack people who need help the most. poor people. and he couldn't even pass that. remember, he is not letting the house of representatives vote, he is letting the republicans vote. it was so bad, he was in such difficult shape there he wouldn't even allow a vote to take with his republicans because he knew he would lose. for months, he has allowhood house republicans to hold middle class taxpayers hostage to protect the richest 2% and the funny part about that, mr. president, the 2% don't wa
recently, house speaker john boehner and president obama each made important concessions. the president on entitlement spending. speaker boehner on upper income tax rates. speaker boehner, though, could not get conservative republicans to go along and seemed at a loss on what to do next. >> we can't cut our way to prosperity. we need real economic growth. many of us believe on both sides of the aisle on the fundamental reform of the tax code will help us get our economy moving faster and put more americans back to work. and more americans on the tax rolls. how we get there, god only knows. >> president obama, meantime, seemed to lose patience. no sign he's eager to go off the cliff, but he's also not ready, either, to get in his words, what he'll get for free when the bush tax cuts expire tuesday morning. democratic lawmakers, though, are more willing to let that and everything else happen and both sides are still pointing fingers. take a look at mitch mcconnell and harry reid just this afternoon. >> you'll excuse me if i'm a little frustrated at the situation. >> republican leader find
house. president barack obama, speaker of the house john boehner, house minority leader nancy pelosi, harry reid and mitch mcconnell. can they make a deal or can they do their jobs or is this just more political drama? >> we want an agreement. >> the count down is midnight. the start of a new year. >> we are going over the cliff because frankly i believe it's what the president wants. >> the american people are waiting for the ball to drop, but it's not going to be a good drop. >> but we have no takers. >> every republican, every democrat ought to be here. >> the phone never raining. >> they should negotiate a plan. they shouldn't have the mine are in plan, they should have the biglan. >> here we are five days from the new year, and we might finally start talking. >> the republicans are sitting there with a nuclear weapon. they have the debt ceiling coming up. they can use that as part of this negotiation. >> what is going on here? >> the president called me and probably called others last night. my impression is he would like to see if we can move forward. >> you can't legislate wit
. >>> if you're a member of congress and a member of the tea party, who's your boss, john boehner, m.i.t. rmitt romney?
and that was in the plan "b" that john boehner was trying to get the members to vote for. i think we need to get democratic votes on the senate side and republican votes on the house side. >> the game plan is to get some sort of comprehensive tax reform next year, hearing that in the is not and house. moderates like yourself, like olimpia snowe and joe lieberman and dig lugar, and on and, is it possible with the new conditioning next year to get some sort of tax reform when it's been impossible for the last year and a half. >> i hope so. we don't control but one house, and the democrats control one house and the presidency. we can't get everything we want. i am a don't raise taxes on anybody republican. >> but you're willing to compromise on that though, right? >> i certainly would rather have something somewhat lower than anything and try to see if we can get the development come up from 250. to be able to give the amt relief and the marriage penalty, child tax credit, even state tax relief for farmers and ranchers, those are all things that affect everyone in this country and i hope they will do the real
deal. starbucks shares at this point down slightly, 48 cents. imagine john boehner going into starbucks and they write on the cup, come together. hello. lori: boehner, this is directly to you. tracy: exactly. howard schultz is on the campaign to fix the debt. he is one of the ceos that has come out. lori: he has nothing to lose being advocate, being outspoken. the stock is healthy the company is thriving. talk about where crowds are right now, any starbucks on any corner. tracy: i hope they do it with a big black sharpie. come together. write it on the cup. lori get the latte. lori: if washington gets back together and we get a debt deal and economy picks up? that is big if. there are industries that stand to add the most jobs. tracy: we'll tell you where you should be looking if you're ready for a change of pace. that is all next. stay with us. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box
who sent us here. >> speaker of the house, john boehner, is expected to come back to washington at any time as well. before he went back to ohio and president obama went to hawaii, they were believed to be about $400 billion apart in spending cuts and tax increases. speaker boehner even had to withdraw the so-called plan b measure in the house that would raise taxes on millionaires, but keep them low for everyone else because there just wasn't enough gop support in the house. but even after all that, the speaker says this weekend he thought lawmakers could still steer us away from the fiscal cliff. >> of course, hope springs eternal. and i know we have it in us to come together and do the right thing. we'll continue to work with our colleagues and the congress and the white house on a plan that forgets families and businesses. >> we don't know if president obama will make it back to hawaii to finish his family vacation. we're told it all depends how negotiations go. back to you. >> gretchen: peter doocy live in d.c thanks very much. >> rick: are you ready for your taxes to go up? we've
they can't overcome otherwise. >> remind us, john, a mini deal is composed in the senate but still has to pass through house republicans and boehner or not? >> yes. and the question about the mini deal would be, what we're talking about, just to make clear for our viewers, would be a temporary extension of tax cuts for incomes under $250,000, a couple of months, for example, a temporary turn-off of the sequester, the automatic cuts equally in defense and nondefense programs that nobody wants to happen, you temporarily turn those off, you extend unemployment benefits, you do something about doctor payments under medicare. if that happens, and clears the senate, there would be a bipartisan majority in the senate if it is allowed to get to the floor, then you would have to have speaker boehner agree to put that on the floor, it would pass the house almost certainly, but the speaker has been reluctant to put any bill on the floor for a vote that doesn't have the support of a majority of his own members, of republican members. he would have to breach that rule in order for it to happen befo
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